Sample Business Contracts

Employment Agreement - Ladenburg Thalmann Financial Services Inc. and Richard Rosenstock

Employment Forms

Employment Contract. Employers can customize an employment agreement that states the salary, benefits, working hours and other important provisions for their new or existing employee.
Consulting Agreement. Answer simple questions to build a contract with a consultant. Specify the services rendered, when payment is due, as well as IP rights.
Commission Agreement. Employers who compensate their sales employees based on commissions can prepare an agreement to reduce misunderstandings by specifying the base salary and how commissions are calculated.
Executive Employment Agreement. Companies may offer their business executives a contract that is different from the one provided to their regular employees. Executive employment agreements may be more complex because the compensation structure may include a combination of salary and commissions, provide for bonuses based on sales, stock or other financial targets, and include non-compete, confidentiality and severance provisions.
Sales Representative Contract. Independent sales representatives offer companies the potential to increase the sale of products or services without the burden of increasing headcount. Both parties should understand how commissions are calculated, when commissions will be paid, as well as how the representative will treat confidential information from the company and whether the representative may also sell a competing line of products or services.
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                                     October 10, 2002

Ladenburg Thalmann Financial Services Inc.
Ladenburg Capital Management Inc.
590 Madison Avenue, 34th Floor
New York, New York  10022

                                     RE:  EMPLOYMENT AGREEMENT

Gentlemen:

         Reference is made to my Employment Agreement (the "Agreement"), dated
as of August 24, 1999, as amended, with Ladenburg Thalmann Financial Services
Inc. ("LTS") and Ladenburg Capital Management Inc. In light of the current
financial condition of LTS and its subsidiaries, I hereby waive, for the period
September 1, 2002 to December 31, 2002, 25% of any payments due to me for such
period under LTS's Special Performance Incentive Plan (the "Plan") and agree
that such waiver shall not be deemed to be Reason under the Agreement with
respect to any payment due to me under the Plan for the fiscal year ending
December 31, 2002. In addition, I also waive, for the period September 1, 2002
to December 31, 2002, 25% of any payments due to me for such period under
Section 3 of the Second Amendment to the Agreement.

                                          Sincerely,

                                          /s/ Richard Rosenstock

                                          Richard Rosenstock

Acknowledged and agreed this
10th day of October, 2002

Ladenburg Thalmann Financial Services Inc.


By:  /s/ SALVATORE GIARDINA
    -----------------------------
Ladenburg Capital Management Inc.


By:  /s/ ROBERT GORCZAKOWSKI
    -----------------------------